DLH Holdings Corp (NASDAQ:DLHC) Sees Significant Decrease in Short Interest

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DLH Holdings Corp (NASDAQ:DLHC) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 600 shares, a decline of 76.9% from the July 15th total of 2,600 shares. Based on an average trading volume of 26,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Shares of DLHC remained flat at $$4.10 during mid-day trading on Wednesday. The stock has a market capitalization of $53.56 million, a price-to-earnings ratio of 10.25 and a beta of 0.95. The stock’s fifty day simple moving average is $4.83 and its 200 day simple moving average is $5.55. DLH has a twelve month low of $4.00 and a twelve month high of $6.78. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.43.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, August 5th. The business services provider reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $38.70 million for the quarter, compared to analyst estimates of $35.80 million. DLH had a net margin of 3.98% and a return on equity of 15.30%. Analysts forecast that DLH will post 0.42 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Monday, August 19th. ValuEngine lowered shares of DLH from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

In other news, major shareholder Wynnefield Partners Small Cap bought 10,000 shares of the stock in a transaction on Saturday, August 10th. The stock was purchased at an average cost of $4.25 per share, with a total value of $42,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 22.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DLHC. River & Mercantile Asset Management LLP bought a new stake in shares of DLH during the 2nd quarter valued at about $599,000. BlackRock Inc. grew its position in shares of DLH by 94.6% during the 2nd quarter. BlackRock Inc. now owns 51,987 shares of the business services provider’s stock valued at $264,000 after buying an additional 25,275 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of DLH by 22.7% during the 2nd quarter. Renaissance Technologies LLC now owns 337,680 shares of the business services provider’s stock valued at $1,715,000 after buying an additional 62,441 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of DLH by 90.3% during the 2nd quarter. Acadian Asset Management LLC now owns 30,939 shares of the business services provider’s stock valued at $158,000 after buying an additional 14,678 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of DLH by 31.4% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 120,600 shares of the business services provider’s stock valued at $613,000 after buying an additional 28,800 shares during the last quarter. Institutional investors own 59.52% of the company’s stock.

About DLH

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans' health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.

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